Inventus Recovers 427 Ounces of Gold and Demonstrates Positive Economics From 007 North Bulk Sample at Pardo
NEWS RELEASE TSX-V Trading Symbol: IVS
Inventus Recovers 427 Ounces of Gold and Demonstrates Positive Economics
From 007 North Bulk Sample at Pardo
TORONTO, Dec. 01, 2025 -- Inventus Mining Corp. (TSXV: IVS) (“Inventus” or the “Company”) is pleased to report the results
from its 007 North bulk sample at its wholly-owned Pardo Gold Project, located 65 km northeast of Sudbury, Ontario.
Highlights
• A total of 427 ounces of gold recovered from 4,674 dry tonnes for a reconciled head grade of 3.04 gpt gold and a
metallurgical recovery of 94%
• The cost of the bulk sample was approximately CAD$1,200,000 and the sale of the recoverable ounces was
CAD$2,350,000, representing a 96% return over cost
• Results pending from 62 Phase 2 drill holes with drilling ongoing until the Christmas holidays
• Anticipated processing of an additional 10,000-tonne bulk sample at the end of January, 2026
Why These Results Matter for Investors
Bulk sampling at Pardo has now demonstrated the economic potential of this near-surface gold mineralization. The 007 North
bulk sample has shown that even at a pilot scale, mineralization could be extracted and processed to generate cash flow. The
shallow depth of drilling required to intersect the flat-lying gold mineralization allows for rapid and cost-effective resource
definition drilling, an effort currently ongoing with the Company’s Phase 2 drill program. With another 10,000-tonne bulk sample
currently at the mill and 30,000 tonnes still permitted for extraction, these results indicate that additional bulk samples have
the capacity to generate meaningful cash flow to further advance and de-risk the project. These results reinforce the
Company’s vision of having a near-term production profile that can eliminate or minimize shareholder dilution while advancing
the project.
Upcoming Results
• The next 10,000-tonne bulk sample is scheduled to run at the end of January, 2026
• The ongoing Phase 2 drilling results are pending with 62 holes now completed for 1,300 metres of drilling
Geology and Mineralization: The 007 North bulk sample was extracted from a flat-lying mineralized conglomerate “reef”
occurring at a depth of approximately 3 metres, with an average thickness of 1.82 metres. The mineralization occurs as
disseminated pyrite and gold within the conglomerate matrix that surrounds the clasts. The unit had a sharp upper and lower
contact that was easily identified in drill core and during bulk sample extraction.
Grade Control Drilling and Block Model Prediction: Prior to extraction of the bulk sample, the area was diamond drilled
with 33 large diameter PQ size (8.5 cm or 3.35 inch) drill holes at 7.5-metre centers for grade estimation purposes which
returned a weighted average grade and thickness of 3.84 gpt gold over 1.82 metres (see news June 4, 2025 ). Drill core
samples were collected as whole-core intervals to ensure an adequate sample size for assay. Geological contacts from the
drilling were used to create hard boundaries for wireframing the block model domain. Where high-grade gold was intersected
near the top or bottom of the unit a buffer of up to 25 cm was added to ensure material was not lost during extraction. Prior to
extraction the predicted block model illustrated 5,216 tonnes grading 3.95 gpt gold. After extraction and using the surveyed
upper and lower blast contacts the block model illustrated a grade of 3.14 gpt gold.
Bulk Sample Extraction: Extraction was relatively straightforward due to the mineralization being shallow and flat. The
waste, consisting of a 1 to 6 metre flat layer, was first drilled, blasted and mucked followed by the same process of the
mineralized bulk sample material. It was then crushed on site to ¾ inch and trucked to McEwen Inc.’s Stock Mill. Over
blasting and mucking of the Southeast corner, which had a thin layer of waste on top, resulted in the loss of material and likely
the difference between the predicted block model head grades.
Processing: A total of 4,816 tonnes was trucked to McEwen Inc.’s Stock Mill near Timmins and processed from the 3 rd to 7 th
of November, 2025. Prior to and following the bulk sample run, an in-circuit inventory of gold was conducted to calculate the
recoverable gold from the bulk sample. The in-circuit inventory taken after the bulk sample was subject to some uncertainty
due to the short duration of the processing and the softness of the Pardo material. This difference resulted in variability of the
metallurgical balance for the final reconciled head-grade and recovery of the bulk sample and are presented as ranges below in
Table 1 . As a result, the midrange value was selected giving a total of 427 oz of gold recovered, that representing a reconciled
head grade of 3.04 gpt gold and a metallurgical recovery of 94%. In future a solution to the metallurgical balance for the bulk
sample results has been established and will be implemented.
Table 1. 007 North Bulk Sample Results
Bulk Sample Reconciled Head Grade Calculated Contained Gold Recovered Gold Gold Recovery
Tonnes (Wet) Tonnes (Dry) Gold (g/t) Troy Ounces Troy Ounces Percent (%)
4,816 4,674 2.80 - 3.26 421 - 490 394 - 462 93.5 - 94.4
Bulk Sample Costs: The cost for the bulk sample was approximately CAD$1,200,000 or $257/dry tonne or $2,810/oz (In USD
$855,000 or $183/dry tonne or $2,000/oz) which included grade control drilling, extraction, crushing, hauling and processing
(minimal costs associated with Inventus personnel and G&A were not included due to the overlap with other company
activities). The bulk sample was conducted on a pilot scale, and significant operational efficiencies could be achieved in a
commercial production scenario.
Wesley Whymark, President and Head of Exploration, comments: “The 007 North bulk sample is another strong step
forward for Pardo and demonstrates the economic potential of our near -surface gold mineralization. With a $4,000 gold price
and 3 gpt gold material, the margins look good. With Phase 2 drilling underway and results in the pipeline, we expect a steady
flow of news as we await processing of the next 10,000-tonne bulk sample anticipated at the end of January, 2026.”
For further information visit www.inventusmining.com, or contact:
Mr. Wesley Whymark
President, Head of Exploration and Director
Inventus Mining Corp.
E-mail: [email protected]
Phone: 705-822-3005
Social Media Accounts
X
YouTube
About Inventus Mining Corp.
Inventus is a mineral exploration and development company focused on the world-class mining district of Sudbury, Ontario.
We have a 100% interest in our principal assets the Pardo Paleoplacer Gold Project and the Sudbury 2.0 Critical Mineral
Project located northeast of Sudbury. The Pardo Gold Project is the first important paleoplacer gold discovery in North
America. Inventus has approximately 205 million common shares outstanding.
Qualified Person
The Qualified Person responsible for the technical content of this news release is Inventus’ President and Head of Exploration,
Wesley Whymark, P.Geo., who has reviewed and approved the technical disclosure in this news release on behalf of the
Company.
Technical Information
The 007 North bulk sample was processed at McEwen Mining’s Stock Mill, a fully permitted facility utilizing a conventional
carbon in leach “CIL” flowsheet. The bulk sample material entered directly into the ball mill, where feed samples were collected
for grade control. The material was milled to P95 (>95% passing 74 um) through a two-stage cyclone overflow re-grind ball mill
circuit and then directed into the CIL tanks, where activated carbon adsorbed gold from solution. Tails were sampled after the
final CIL tank discharge to determine metallurgical efficiency. The carbon load and circuit inventories were sampled, weighed
and assayed before and after the bulk sample was processed to provide Inventus with an in-circuit inventory for reconciliation of
the bulk sample. Due to the short processing time and difference of “typical” ore material, variability of the final reconciliation
resulted in uncertainty of the final grade as is presented in Table 1 of the news release.
Forward-Looking Statements
This News Release includes certain "forward-looking statements" which are not comprised of historical facts. Forward-looking
statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words
to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may
be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “if”, “yet”, “potential”,
“undetermined”, “objective”, or “plan”. Since forward-looking statements are based on assumptions and address future events
and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on
information currently available to the Company, the Company provides no assurance that actual results will meet
management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause
actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such
forward-looking information. Forward-looking information in this news release includes, but is not limited to, the Company’s
objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources,
exploration and mine development plans, timing of the commencement of operations and estimates of market conditions.
Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to
the failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a
feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in
obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill
the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of
financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity
prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other
risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents
filed on SEDAR+. Although the Company believes that the assumptions and factors used in preparing the forward-looking
information in this news release are reasonable, undue reliance should not be placed on such information, which only applies
as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or
at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a
result of new information, future events or otherwise, other than as required by law.
Neither TSX venture exchange nor its regulation services provider (as that term is defined in the policies of the TSX venture
exchange) accepts responsibility for the adequacy or accuracy of this release.